Tuesday 9th January
08:30 ET
US Trade Balance
The difference between a country's imports and exports is known as the trade balance.
A country has a trade deficit when it imports more goods and services than it exports; on the other hand, if it exports more goods and services than it imports, it has a trade surplus.
Released by the US Census Bureau.
What to Expect
Trade surpluses (positive trade balance) can have a positive influence on GDP, while a deficit can contribute negatively to GDP.
This data is unlikely to move the market directly.
Wednesday 10th January
10:30 ET
Weekly EIA Crude Oil Inventories
The EIA Crude Oil Inventories report, released weekly by the US Energy Information Administration, offers insights into the total volume of crude oil stored in facilities throughout the United States.
This data encompasses commercial stockpiles as well as strategic petroleum reserves.
What to Expect
Rising inventories may suggest an oversupply or weakening demand, which would result in oil weakness, while decreasing inventories could indicate heightened demand or reduced supply and may result in oil strength.
Thursday 11th January
08:30 ET
US CPI
The US Consumer Price Index is a key economic indicator that measures the average change over time in the prices paid by urban consumers for a basket of goods and services.
Published by the Bureau of Labor Statistics, the CPI reflects inflation or deflation trends in the economy.
It includes a diverse range of items, such as food, housing, clothing, and transportation.
The percentage change in the CPI from one period to another indicates the rate of inflation or deflation, providing insights into changes in the cost of living and purchasing power.
What to Expect
Policymakers, economists, and investors monitor CPI data to assess economic conditions, make policy decisions, and gauge potential impacts on financial markets.
If inflation comes in higher than expected, this could reduce market bets on Fed rate cuts this year, which could cause weakness in US stocks, and strength in the dollar.
US Weekly Initial & Continued Jobless Claims
Initial Jobless Claims, released by the US Department of Labor, indicates the number of individuals filing for unemployment benefits for the first time.
It serves as a real-time measure of layoffs and reflects the current state of the job market.
Continued Jobless Claims represent the number of individuals who continue to receive unemployment benefits.
It offers a snapshot of ongoing unemployment trends and the duration of joblessness.
What to Expect
Both indicators are monitored by economists, investors, and policymakers to gauge labor market dynamics, trends in unemployment, and overall economic health.
A decrease in initial and continued claims suggests an improving job market, while an increase may indicate economic challenges or contraction.
As a weekly release, it is unlikely to move the markets on its own, absent a large deviation from expectations.
Friday 12th January
08:30 ET
US PPI
The US Producer Price Index is an economic indicator that measures the average change over time in the selling prices received by domestic producers for their goods and services.
Published by the Bureau of Labor Statistics, the PPI reflects price movements at the wholesale or producer level.
It includes various industries such as manufacturing, mining, agriculture, and services.
The PPI is crucial for understanding inflationary pressures within the production process and can provide insights into potential future changes in consumer prices.
An increase in PPI may indicate rising production costs, which could potentially be passed on to consumers in the form of higher prices.
What to Expect
Policymakers, economists, and businesses use PPI data to analyze inflation trends and make informed decisions.
If PPI comes in higher than expected, this could reduce market bets on Fed rate cuts this year, as it is seen as a potential leading indicator to future consumer inflation reports as supply-side costs are often passed down to consumers, which could cause weakness in US stocks, and strength in the dollar.
